Is it possible to have one wallet for all cryptos? - page 5.

patrickj

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Quote from: AymDoo on March 02, 2018, 06:36:12 AM

Technically speaking, is it possible to have one wallet for all cryptocurrencies?

It is such a big pain that we have to use o many wallets if we want to trade many altcoins.

It can be possible but do you think having only one wallet is safe to use? What if your wallet got hacked? How can you accept if it happen?

For me, it is good to have many wallets so that you can atleast recover some of your altcoins in case hackers or phishing site enter in your account. Don't you agree?

2girls

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Quote from: AymDoo on March 02, 2018, 06:36:12 AM

Technically speaking, is it possible to have one wallet for all cryptocurrencies?

It is such a big pain that we have to use o many wallets if we want to trade many altcoins.

Before owning bitcoins you need a place where you can store your coins which called wallet . Every bitcoin wallet contains one or more private kyeys which are the saved in wallet file . A private key is the context of bitcoin is a secret number that allows bitcoin to be spent. The private keys are mathematically related to all bitcoin addresses generated for the wallet.
Multi Wallet is not a good option as each wallet should have its private key.

supermine

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Quote from: Radio-Active on March 10, 2018, 11:22:30 AM

Quote from: AymDoo on March 02, 2018, 06:36:12 AM

Technically speaking, is it possible to have one wallet for all cryptocurrencies?

It is such a big pain that we have to use o many wallets if we want to trade many altcoins.

yes it is possible, you can own your crypto in 1 wallet, try coinomi for mobile phone.
it have a multiple cryptocurrency in one app. there are some other wallet too.

Coinomi is a multi coin wallet but you can't store all the crypto currencies in there only the supported currencies can be stored.But I think it is impossible to create one wallet to store all the crypto currencies since there are lots of new altcoins are created day by day.

Radio-Active

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Quote from: AymDoo on March 02, 2018, 06:36:12 AM

Technically speaking, is it possible to have one wallet for all cryptocurrencies?

It is such a big pain that we have to use o many wallets if we want to trade many altcoins.

yes it is possible, you can own your crypto in 1 wallet, try coinomi for mobile phone.
it have a multiple cryptocurrency in one app. there are some other wallet too.

aardvark15

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Quote from: AymDoo on March 02, 2018, 06:36:12 AM

Technically speaking, is it possible to have one wallet for all cryptocurrencies?

It is such a big pain that we have to use o many wallets if we want to trade many altcoins.

Theoretically someone could create a single wallet. Hardware wallets are similar to this already with several coins they support, but they don’t support all of them. With new coins being created all the time, it would be hard to constantly update to accommodate all those coins. I think it would be feasible to support toe top 20 coins or even more than that so it would make storing keys easier.

robelneo

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Quote from: AymDoo on March 02, 2018, 06:36:12 AM

Technically speaking, is it possible to have one wallet for all cryptocurrencies?

It is such a big pain that we have to use o many wallets if we want to trade many altcoins.

Exodus and Jaxx are two desktops multi crypto wallet that you can use, but I don't recommend that you put or store your coins in just one wallet, it might compromise all your coins and you will be left empty handed, like an investment you must not put all your eggs in one basket.

vinz7229

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Quote from: AymDoo on March 02, 2018, 06:36:12 AM

Technically speaking, is it possible to have one wallet for all cryptocurrencies?

It is such a big pain that we have to use o many wallets if we want to trade many altcoins.

This depend on the campaign that you joined, bounty campaign can use one wallet for all your campaign, mostly ether wallet is the common requirements if your to join country campaign but in signature campaign strictly one wallet address per username, in the event that you try to register your 2 account with the same wallet address the campaign manager would detect you, normally they put you in their blacklisted list so much better if always follow instructions.

Sar elok

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It is possible that in the future there is a wallet that supports all cryptocurrency. Currently I think the wallet application is currently expanding

reck1ess

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It's possible, but I think it will take time to adopt it on the existing platforms. There are platforms that accepts many cryptos, but not all cyptocurrencies. There's no impossible with technology, however it will take more time to accept this kind of changes.

tekusa

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Quote from: Captain_Planet on March 02, 2018, 06:38:46 AM

There are some wallets which supports many cryptos but having one wallet saving all cryptos is hard but not impossible.

Can you give some examples ? I tried finding any such exchange in my country but all of them give different wallet address for different crypto. This feature can be quite handy in my opinion especially for people who are providing services or products in exchange of bitcoins. Sometimes buyer demand to pay in a particular currency and it becomes a headache to create and store a new wallet for each crypto. If an exchange comes with support for all coins in single wallet address, it will be a massive hit.

arthotdog

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Quote from: AymDoo on March 02, 2018, 06:36:12 AM

Technically speaking, is it possible to have one wallet for all cryptocurrencies?

It is such a big pain that we have to use o many wallets if we want to trade many altcoins.

but its more painful that if you got hacked ung one wallet right?thats why even though there will be a single wallet for all cryptocoins i will never avail that.i would rather get hurt of many wallets than losing in single wallet.try to think about that.yes comfortability is indeed.but for me security is more valuable than comfort

just_Alice

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Quote from: AymDoo on March 02, 2018, 06:36:12 AM

Technically speaking, is it possible to have one wallet for all cryptocurrencies?

It is such a big pain that we have to use o many wallets if we want to trade many altcoins.

No, at least I haven't heard of any. I don't think that storing all your cryptocurrencies in one wallet is a good idea. Then, if you lose your password or get hacked - you lose everything, if you have different wallets the risk of such event is way lower.

BingoDog

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Having in mind the number of existing cryptocurrencies this would be difficult to performe. Also from security aspect this is not advisable. Don't you think that is too risky to keep all your funds in all currencies in just one wallet?
But still there are some wallets that support multiple currenices, mostly the bigest ones Bitcoin, Ethereum and Litecoin. Ledger Nano is one of them.

hugeblack

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There are more than 1531 cryptocurrencies and it’s impossible to find app supports all these cryptocurrencies.
Technically yes, you can get 1 wallet for all cryptocurrencies but anyone can make its own coin.
coinomi supports the most cryptocurrencies more than any other wallet. "more than 64 coins"
if you have enough knowledge you can make your own wallet.

athiftammam2018

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If I think it could be if the base of each token using the standard ERC20 because the existing wallet using this system. For example, MyEtherWallet or MetaMask. But there are also some bounty campaigns that require to use the wallet from their own making so they can receive the results of their work.

vhiancs

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Quote from: AymDoo on March 02, 2018, 06:36:12 AM

Technically speaking, is it possible to have one wallet for all cryptocurrencies?

It is such a big pain that we have to use o many wallets if we want to trade many altcoins.

Here in my country there is a wallet that can receives two crypto currency which is called "COINS.PH" bitcoin currency and Ethereum it's just a new update maybe some of users of this wallet did not know yet that the coins.ph wallet can be used for Ethereum currency already.

MisterPrada

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I'd love to have a multi-currency, multi-platform (or online) wallet that can not only hold just about every cryptocurrency there is (ETH, BTC, DGE, DGX, ETC, LTC, etc...), but also allows me to have multiple wallets of each (say, one for savings & one for spending), and doesn't own my private keys.

RivAngE

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Quote from: supermine on March 02, 2018, 08:10:06 AM

Quote from: AymDoo on March 02, 2018, 06:36:12 AM

Technically speaking, is it possible to have one wallet for all cryptocurrencies?

It is such a big pain that we have to use o many wallets if we want to trade many altcoins.

As of now there are some multi crypto supported wallets are available but there is no wallet which can support all the crypto currencies,but in future there maybe wallets will be created according to the needs but now the hardware wallets like Ledger Nano S supports most of the reputed cryptos and some ERC20 tokens so you can use it now,and Coinomi is also another best multi supported crypto wallet.

Ledger Nano S technically supports EVERY ERC20 since it supports Ethereum. You just activate its Browser support, visit myetherwallet.com, choose whatever action you want (view, send etc), choose connection method "Ledger Nano S", voila! You have access to whatever token has been sent to your Ethereum address.

EDIT: Oh and it also works with MetaMask. I've tried it once but I'm not very experienced with it.

Lovecove

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In a crypto world where more and more people are buying into more and more different kinds of altcoins, a centralized wallet system is becoming more in-demand.

It's a little ironic because crypto is decentralized, yet we're looking for centralized solutions.

I do believe that this is inevitable, simply because there's a demand and someone will try to supply.

It's not hard either. If you're on an exchange that supports multiple altcoins + btc, then that exchange already sort of acts as a "central wallet."

In that sense, you'd just need to make a hardware/online/desktop wallet with an interface that can access a backend that stores and manages multiple altcoins/bitcoin addresses and private keys. As I said, exchanges already do this... so if you just remove the trading aspect, then there you have a wallet that can do all this

ballerin and giroud

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Yes you can, wallet for all cryptocurrency you can use coinomi. Coinomi is an offline wallet that can be used to store all of your cryptocurrency coins. But Coinomi just you can use in mobile phone only, to make it very easy you can download in your android device.

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